Since 2014
Peculiarities of Individuals’ Financial Behaviour
Business: Theory and Practice
View Archive Info| Field | Value | |
| Title |
Peculiarities of Individuals’ Financial Behaviour
Finansinės gyventojų elgsenos ypatumai |
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| Creator |
Jurevičienė, Daiva
Gausienė, Eglė |
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| Subject |
personal finance; financial behaviour; Efficient Market Hypothesis; Behavioural Finance; Absolute Income Hypotheses; Life Cycle Hypothesis; Permanent Income Hypothesis; financial motives
asmeniniai finansai; finansinė elgsena; efektyvios rinkos hipotezė; absoliučiųjų pajamų hipotezė; gyvenimo ciklo hipotezė; nuolatinių pajamų hipotezė; finansiniai motyvai |
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| Description |
The article deals with different interpretations of peculiarities of individuals’ financial behaviour. The adaptability of Efficient Market Hypothesis (rational and irrational investors’ behaviour and their influence on market efficiency) and Behavioural Finance (by separating into two building blocks: Cognitive Biases and Limits of Arbitrage) to individuals’ financial behaviour interpretation is summarized and compared as well as basic theories defining individuals’ financial behaviour: Absolute Income Hypotheses (John M. Keynes), Life Cycle Hypothesis (Franco Modigliani and Richard Brumberg), Permanent Income Hypothesis (Milton Friedman) and individuals’ financial motives are named and described. After accomplishment of investigation of personal finance management habits in Lithuania it is determined, that Lithuanians managing their finances tend to seek short-term goals and do not care about saving for retirement, do not employ all existing investment instruments.
Straipsnyje nagrinėjami finansinės gyventojų elgsenos skirtingo aiškinimo ypatumai. Apibendrinamos ir palyginamos efektyvios rinkos hipotezės (racionalių ir iracionalių investuotojų elgsena, jų įtaka rinkos efektyvumui) ir finansinės elgsenos (išskiriant du pagrindinius blokus: kognityvinius nukrypimus ir arbitražo apribojimus) pritaikymas, aiškinant finansinius gyventojų sprendimus bei bazinės individų finansinę elgseną aiškinančios teorijos: John M. Keynes absoliučiųjų pajamų hipotezė, Franco Modigliani ir Richard Brumberg gyvenimo ciklo hipotezė, Milton Friedman nuolatinių pajamų hipotezė bei finansiniai individų motyvai. Atlikus Lietuvos gyventojų asmeninių finansų valdymo įpročių tyrimą nustatyta, kad valdydami savo finansus jie linkę siekti trumpalaikių tikslų ir mažai rūpinasi lėšų pensiniam laikotarpiui kaupimu, neišnaudoja esamų investavimo galimybių. |
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| Publisher |
Verslas: Teorija ir Praktika / Business: Theory and Practice
Business: Theory and Practice / Verslas: Teorija ir Praktika |
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| Date |
2011-01-28
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion |
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| Format |
application/pdf
application/pdf |
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| Identifier |
http://www.btp.vgtu.lt/index.php/btp/article/view/btp.2010.25
10.3846/btp.2010.25 |
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| Source |
Verslas: Teorija ir Praktika / Business: Theory and Practice; Vol 11, No 3 (2010); 222-237
Business: Theory and Practice / Verslas: Teorija ir Praktika; Vol 11, No 3 (2010); 222-237 |
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| Relation |
http://www.btp.vgtu.lt/index.php/btp/article/view/btp.2010.25/26
http://www.btp.vgtu.lt/index.php/btp/article/view/btp.2010.25/pdf |
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| Rights |
Authors contributing to Business: Theory and Practice agree to publish their articles under the Creative Commons Attribution-NonCommercial 4.0 license, allowing third parties to share their work (copy, distribute, transmit) and to adapt it, under the condition that the authors are given credit, that the work is not used for commercial purposes, and that in the event of reuse or distribution, the terms of this license are made clear.Authors retain copyright of their work, with first publication rights granted to Vilnius Gediminas Technical University (VGTU) Press. However, authors are required to transfer copyrights associated with commercial use to the Publisher. Revenues from commercial sales are used to keep down the publication fees. Moreover, a major portion of the profits generated from commercial sales is placed in a fund to cover publication fees for researchers from developing nations and, in some cases, for young researchers.
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